Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Intangible Assets

Schedule of changes in mortgage servicing rights (MSRs)

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Balance at beginning of period	$	2,274	$	2,875	$	2,482	$	2,931
Originated mortgage servicing rights		121		61		188		99
Changes in fair value:
Due to changes in model inputs and assumptions (1)		(122)		(100)		(320)		(241)
Other changes in fair value (2)		(128)		(179)		(205)		(132)
Total changes in fair value		(250)		(279)		(525)		(373)
Balance at end of period	$	2,145	$	2,657	$	2,145	$	2,657

(1) The change in fair value resulting from changes in valuation inputs or assumptions, reported in real estate servicing fees, net, used in the valuation model reflects the change in discount rates and prepayment speed assumptions primarily due to changes in interest rates.

(2) Other changes in fair value, reported in real estate servicing fees, net, reflect changes due to customer payments and passage of time.

Schedule of key data and assumptions used in estimating the fair value of the Company's MSRs

	Six Months Ended June 30,
		2020		2019
Weighted average constant prepayment rate		18.03	%	11.35	%
Weighted average note rate		3.81	%	3.97	%
Weighted average discount rate		7.75	%	9.77	%
Weighted average expected life (in years)		4.0		5.3